Ford Credit debt sale price hints at economic optimism

Newswire

By John Parry NEW YORK, July 30 (Reuters) - The finance arm of Ford, the second-biggest U.S. carmaker, sold debt on Thursday for a price that hinted investors are becoming less dismal about the auto sector and slightly optimistic about the broader economy, analysts said. Ford Motor Credit Co LLC, whose parent is Ford Motor Co , sold $1.75 billion of three-year notes at a yield of 10.875 percent, much lower than the 13.0 percent it had to pay investors two months ago in a five-year note ...

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